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Exploding the Myth - Corn Prices Not Rising Because Of Ethanol [View All]

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percussivemadness Donating Member (733 posts) Send PM | Profile | Ignore Sat May-31-08 01:33 PM
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Exploding the Myth - Corn Prices Not Rising Because Of Ethanol
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Brilliant blog by Ally Klimkoski, a must read:

"I spoke with Jim Martin (no relation to Marshall) who is on the Federal Technical Advisory Committee for Biomass Research and Development, and he confirmed that blaming it all on ethanol neglects a number of other factors that don't always fit into a 30 second analysis.

According to Jim Martin, in 2007 the USDA reported that the US produced over 13 billion bushels of corn, the biggest corn crop ever.

"That was 2.5 billion bushels more than in 2006. In the same year, 2007, demand for corn to make ethanol went up by a billion bushels, increasing supply over and above ethanol demand, by about a billion and a half more bushels in the US than the year before. Normally that would create a surplus and prices would have fallen. They did fall for a while in late 2007, but have bounced right back up..."
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  -Exploding the Myth - Corn Prices Not Rising Because Of Ethanol percussivemadness  May-31-08 01:33 PM   #0 
  - While I don't like the idea of corn used to make fuel  aint_no_life_nowhere   May-31-08 01:39 PM   #1 
  - I would agree  percussivemadness   May-31-08 02:09 PM   #2 
  - Ethanol is a boondoggle and it is fueling speculation. Oil prices are part of the story too but  LeviathanCrumbling   May-31-08 02:25 PM   #3 
  - Fascinating book called Energy Victory  percussivemadness   May-31-08 03:36 PM   #6 
     - It's the money. Just follow the money.  LeviathanCrumbling   May-31-08 03:56 PM   #9 
     - Fascinating take on these moves in the global chess game  Kaleko   Jun-01-08 12:02 AM   #13 
  - Thank you for posting.  Bellator   May-31-08 02:46 PM   #4 
  - the lumping together of Ethanol and Biofuels is really annoying  percussivemadness   May-31-08 03:02 PM   #5 
  - Bookmarked. You do know this is a MAJOR attack talking point right now against Al Gore?  lildreamer316   May-31-08 03:48 PM   #7 
  - I think it`s a major attack against the Alternative Fuel movement  percussivemadness   May-31-08 05:19 PM   #10 
     - Oh, wouldn't that be great!!  lildreamer316   Jun-01-08 02:13 AM   #15 
        - Yes captain  percussivemadness   Jun-01-08 12:12 PM   #17 
  - A lot of people have gone to corn burning furnaces.  roamer65   May-31-08 03:50 PM   #8 
  - I think David Brin had a very good blog post about ethanol  ThoughtCriminal   May-31-08 07:37 PM   #11 
  - good blog, ty for that  percussivemadness   May-31-08 10:41 PM   #12 
  - Good article. K & R  Kaleko   Jun-01-08 12:03 AM   #14 
  - Maybe we could also stop subsidizing export of HFCS *LACED* products too!  calipendence   Jun-01-08 02:24 AM   #16 

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